The ACCC has red flags about the acquisition of Japanese healthcare business I’rom Group by private equity behemoth Blackstone.
The High Court has upheld appeals in class actions against Ford and Toyota over the calculation of damages for reduction in value of defective vehicles.
Carnival has settled a class action on behalf of passengers on a seven-day South Pacific voyage that became the “cruise from hell” when their vessel sailed into a Category 5 cyclone.
A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virgin’s balance sheet.
The consumer regulator has launched court action against Optus, alleging sales staff put undue pressure on customers to buy phones they couldn’t afford.
The ACCC will clear asset manager Brookfield’s $10 billion acquisition of French renewables giant Neoen on the condition that it shed Neoen’s Victorian assets and projects.
ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.
United Petroleum will not face cross-claims by franchisees, with a judge calling the bid “a very colourable application” to create overlap with a class action in the Supreme Court.
Investment manager Salter Brothers has sued XL Insurance, saying it has “unreasonably delayed” covering the costs of defending a former client’s lawsuit alleging misleading conduct.
Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.